June 17, 2021 |
Suriname's bondholders do not expect to resume negotiations with the government in the next few months, or possibly not until oil companies start making final investment decisions on offshore discoveries, a source close to a bondholder group told LatinFinance on Wednesday.
The bondholders, represented by UK firm Newstate Partners, triggered a default clause on Suriname's 2023 and 2026 bonds on Monday, accusing the sovereign issuer of lacking good faith in negotiations.
Suriname replied on Tuesd
Negotiations could stall until oil companies announce final investment decisions for offshore discoveries in early 2022